Amistad 2 Group
Altagracia is receiving her 13th loan with Esperanza International Dominican Republic, having repaid all her previous loans. After almost seven years of investment, her business has a growing range of products and is acquiring more clients and communities.
She will use this loan to purchase cooking pots and pans, to distribute in her neighborhood and others nearby. She sells these items on credit and her clients pay her every week. She always reinvests her profits in her business and she also saves for her family's needs. She thanks you all for your support!
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!